Mars Will Run on Bitcoin Says Musk

spacex rocket

The Mars economy will run on bitcoin, dogecoin or marscoin according to Elon Musk, the CEO of SpaceX. Responding with a yes to the statement the Mars economy will run on crypto, Elon Musk has now made it official that bitcoin is the space currency. According to some analysis, transacting in bitcoin with Mars pioneers would take 6.5 minutes. As bitcoin’s block-times are ten minutes, the distance should not be a problem, especially if they use something like the Lightning Network. Thus the two planets can run on the same finite money, a money uncontrollable by any government and thus fit for the new economy. An economy envisioned to start off with potentially 100,000 people as Musk wants to send 1,000 starships that can carry up to 100 people each. A prototype was tested just this month with a 12.5km flight. If it all goes to plan, the first human…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE